Big Business Spars Over Rewriting Tax Code

The idea of overhauling the corporate-tax code is greeted with applause by nearly all U.S. big businesses. That unanimity breaks down once the conversation turns to details.

One sign of that is the splintering of big companies into different groups promoting different strains of tax reform. High-tech, pharmaceutical and consumer-products companies, for instance, are eager to change the way overseas profits are taxed. Big domestic...